A loan of $1,775 helped a member to buy basic goods such as rice, beans, sugar, oil, toilet paper, make-up, chicken meat, red meat, soups and perishable goods.


El Cueto Group's story

This group is made up of three enterprising partners, one of whom is 30-year-old Mercedes. She is single and has a four-year old daughter. Mercedes' business is a small grocery store that she has been running out of her home for seven years. She has been a member of the communal bank for four years, during which time she has shown herself to be reliable with her repayments. She has had eight loans thus far. Mercedes will invest this loan in buying basic goods such as rice, beans, sugar, oil, bread, soap, washing powder, toilet paper, make-up, chicken meat, red meat, soups and perishable goods. With her previous loan Mercedes was able to diversify her product range, for example by introducing make-up in her store. Luz is 44 years old and has a small café where she sells food. Juan is 55 years old and his business is selling oil and selling, maintaining and charging batteries for vehicles.

In this group: Mercedes De Los Angeles, Juan Francisco, Luz Adilia

Translated from Spanish by Kiva volunteer Iain Gaw



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